​The interest rate for Parent PLUS loans disbursed after July 1, 2015 and before July 1, 2016 is fixed at 6.84%​

​Loans fees for Parent PLUS loans disbursed after Oct. 1, 2014 and before Oct. 1, 2015 are 4.292% and are proportionately deducted from each loan disbursement​.​​Loans fees for Parent PLUS loans disbursed after Oct. 1, 2015 and before Oct. 1, 2016 are 4.272% and are proportionately deducted from each loan disbursement​​.

The Federal Direct PLUS Loan enters repayment once the loan is fully disbursed (paid out) to the school. For example, if the loan covers both fall and spring semesters, once the spring portion disburses in January, repayment begins in February.

Parents must contact the Loan Servicer to request a deferment. Once Parent PLUS borrowers are notified of the first payment due, they may respond by requesting an in-school deferment

while you or your child are enrolled as a student at least half-time and

for an additional six months after your child ceases to be enrolled at least half-time.

Requests for PLUS loan deferments must be made annually as long as the child remains a full-time student.